Vault-13

VANECK ETF TRUST PFXF

PREFERRED SECURT · ETP · CUSIP 92189F429

184 institutional holders -9 vs Q1 2025
27,827,58527.8m shares reported held*
$476.6mreported value*
19 new 68 added 56 reduced 30 sold out net sold ≈ $57.7m (-3.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $17.13.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 129Q4 22: 139Q1 23: 145Q2 23: 144Q3 23: 150Q4 23: 169Q1 24: 174Q2 24: 180Q3 24: 183Q4 24: 192Q1 25: 193Q2 25: 184184Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022129
Q4 2022139
Q1 2023145
Q2 2023144
Q3 2023150
Q4 2023169
Q1 2024174
Q2 2024180
Q3 2024183
Q4 2024192
Q1 2025193
Q2 2025184

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 78 bought or addedQ3 23: 54 cut or sold outQ4 23: 80 bought or addedQ4 23: 64 cut or sold outQ4 23Q1 24: 102 bought or addedQ1 24: 54 cut or sold outQ2 24: 89 bought or addedQ2 24: 69 cut or sold outQ2 24Q3 24: 91 bought or addedQ3 24: 69 cut or sold outQ4 24: 95 bought or addedQ4 24: 66 cut or sold outQ4 24Q1 25: 96 bought or addedQ1 25: 76 cut or sold outQ2 25: 87 bought or addedQ2 25: 86 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20237854
Q4 20238064
Q1 202410254
Q2 20248969
Q3 20249169
Q4 20249566
Q1 20259676
Q2 20258786

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $242.9kQ3 24 puts: $157.0kQ3 24P/C 0.65Q4 24 calls: $231.2kQ4 24 puts: $41.4kQ4 24P/C 0.18Q1 25 calls: $1.1mQ1 25 puts: $33.5kQ1 25P/C 0.03Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$242.9k$157.0k0.65
Q4 2024$231.2k$41.4k0.18
Q1 2025$1.1m$33.5k0.03
Q2 2025$0$0—

Biggest buyers

PARK AVENUE SECURITIES LLC New +311,261+311.3k
Good Steward Wealth Advisors,LLC Added +280,033+280.0k
ROYAL BANK OF CANADA Added +251,667+251.7k
Quadrature Capital Ltd New +130,881+130.9k
Creative Planning Added +75,220+75.2k
Rockefeller Capital Management L.P. Added +74,874+74.9k
Sigma Planning Corp Added +56,675+56.7k
MML INVESTORS SERVICES, LLC Added +55,727+55.7k
Evanson Asset Management, LLC New +55,679+55.7k
RENAISSANCE TECHNOLOGIES LLC Added +50,000+50.0k

Biggest sellers

Comprehensive Wealth Management, LLC Sold out -2,137,955-2.1m
RAYMOND JAMES FINANCIAL INC Reduced -476,376-476.4k
AMERIPRISE FINANCIAL INC Reduced -438,037-438.0k
BANK OF AMERICA CORP /DE/ Reduced -388,929-388.9k
STIFEL FINANCIAL CORP Reduced -148,624-148.6k
WELLS FARGO & COMPANY/MN Reduced -138,340-138.3k
SAX WEALTH ADVISORS, LLC Reduced -108,772-108.8k
MORGAN STANLEY Reduced -88,354-88.4k
AssuredPartners Investment Advisors, LLC Reduced -85,722-85.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -83,800-83.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,028,9173.0m $51.9m $51.9m 0.00% Reduced -388.9k -388,929
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,576,9162.6m $44.1m $44.1m 0.00% Reduced -88.4k -88,354
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,394,4632.4m $41.0m $41.0m 0.01% Reduced -61.2k -61,200
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,703,9981.7m $29.2m $29.2m 0.01% Reduced -476.4k -476,376
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,563,4051.6m $26.8m $26.8m 0.01% Reduced -138.3k -138,340
6 State of Wisconsin - Board of Commissioners of Public Lands 16.78% of their portfolio MADISON, WI 1,525,2201.5m $26.1m $26.1m 16.78% Unchanged
7 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 1,187,7581.2m $20.3m $20.3m 0.06% Added +55.7k +55,727
8 Tanager Wealth Management LLP 2.31% of their portfolio Goring On Thames, X0 1,142,0361.1m $19.6m $19.6m 2.31% Reduced -59.2k -59,193
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 649,366649.4k $11.1m $11.1m 0.00% Added +251.7k +251,667
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 500,354500.4k $8.6m $8.6m 0.00% Reduced -79.0k -79,015
11 Good Steward Wealth Advisors,LLC 6.69% of their portfolio CLARKSVILLE, TN 498,682498.7k $8.5m $8.5m 6.69% Added +280.0k +280,033
12 Carmel Capital Partners, LLC 2.97% of their portfolio SAN DIEGO, CA 494,913494.9k $8.5m $8.5m 2.97% Added +35.5k +35,518
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 488,783488.8k $8.4m $8.4m 0.01% Added +8.7k +8,674
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 437,222437.2k $7.5m $7.5m 0.00% Reduced -438.0k -438,037
15 LEVEL FOUR ADVISORY SERVICES, LLC 0.24% of their portfolio DALLAS, TX 386,093386.1k $6.6m $6.6m 0.24% Reduced -7.7k -7,732
16 Concurrent Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 318,686318.7k $5.5m $5.5m 0.11% Reduced -375 -375
17 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 311,261311.3k $5.3m $5.3m 0.05% New
18 Sound Income Strategies, LLC 0.30% of their portfolio FT LAUDERDALE, FL 303,103303.1k $5.2m $5.2m 0.30% Reduced -8.2k -8,151
19 Silver Coast Investments LLC 1.79% of their portfolio SAN DIEGO, X1 288,427288.4k $4.9m $4.9m 1.79% Added +4.0k +3,996
20 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 278,173278.2k $4.8m $4.8m 0.04% Added +946 +946
21 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 276,619276.6k $4.7m $4.7m 0.01% Added +8.3k +8,263
22 L2 Asset Management, LLC 0.75% of their portfolio Wayland, MA 267,021267.0k $4.6m $4.6m 0.75% Added +3.4k +3,449
23 Investors Research Corp 0.78% of their portfolio ATLANTA, GA 233,586233.6k $4.0m $4.0m 0.78% Added +25.0k +24,988
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 222,639222.6k $3.8m $3.8m 0.00% Reduced -148.6k -148,624
25 Wealthcare Advisory Partners LLC 0.08% of their portfolio WEST CHESTER, PA 214,581214.6k $3.7m $3.7m 0.08% Added +20.9k +20,935
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 200,365200.4k $3.4m $3.4m 0.00% Reduced -38.8k -38,791
27 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 186,484186.5k $3.2m $3.2m 0.00% Added +25.5k +25,511
28 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 180,918180.9k $3.1m $3.1m 0.02% Added +6.3k +6,292
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 178,117178.1k $3.0m $3.0m 0.00% Reduced -83.8k -83,800
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 168,524168.5k $2.9m $2.9m 0.00% Reduced -2.0k -2,003
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 163,622163.6k $2.8m $2.8m 0.01% Added +132 +132
32 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 161,774161.8k $2.8m $2.8m 0.01% Reduced -1.9k -1,923
33 Brendel Financial Advisors LLC 1.40% of their portfolio HANOVER, NH 145,841145.8k $2.5m $2.5m 1.40% Added +4.1k +4,101
34 Fortis Capital Management LLC 0.39% of their portfolio BELLEVUE, WA 144,914144.9k $2.5m $2.5m 0.39% Reduced -38.0k -37,953
35 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 136,426136.4k $2.3m $2.3m 0.00% Reduced -54.3k -54,315
36 Measured Risk Portfolios, Inc. 2.60% of their portfolio SAN DIEGO, CA 136,059136.1k $2.3m $2.3m 2.60% Added +2.0k +2,043
37 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 135,880135.9k $2.3m $2.3m 0.00% Added +74.9k +74,874
38 CASTLEKEEP INVESTMENT ADVISORS LLC 1.12% of their portfolio WESTPORT, CT 134,183134.2k $2.3m $2.3m 1.12% Unchanged
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 131,939131.9k $2.3m $2.3m 0.00% Reduced -18.1k -18,120
40 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 131,669131.7k $2.3m $2.3m 0.01% Added +24.8k +24,807
41 Quadrature Capital Ltd 0.04% of their portfolio LONDON, X0 130,881130.9k $2.2m $2.2m 0.04% New
42 NTV Asset Management LLC 0.25% of their portfolio Charleston, WV 123,136123.1k $2.1m $2.1m 0.25% Added +19.9k +19,900
43 Mariner, LLC 0.00% of their portfolio Overland Park, KS 112,775112.8k $1.9m $1.9m 0.00% Added +34.0k +33,981
44 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 107,167107.2k $1.8m $1.8m 0.04% Added +10.2k +10,152
45 Chicago Partners Investment Group LLC 0.05% of their portfolio CHICAGO, IL 106,784106.8k $1.9m $1.9m 0.05% Added +774 +774
46 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 105,495105.5k $1.8m $1.8m 0.05% Added +8.0k +7,973
47 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 104,963105.0k $1.8m $1.8m 0.01% Added +16.3k +16,326
48 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 103,540103.5k $1.8m $1.8m 0.05% Added +56.7k +56,675
49 Joseph P. Lucia & Associates, LLC 0.71% of their portfolio Yorktown Heights, NY 101,408101.4k $1.7m $1.7m 0.71% Reduced -1.5k -1,530
50 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 89,64289.6k $1.5m $1.5m 0.00% Added +75.2k +75,220
51 HOWARD WEALTH MANAGEMENT, LLC 0.77% of their portfolio Madison, CT 88,94888.9k $1.5m $1.5m 0.77% Reduced -5.1k -5,058
52 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 88,66188.7k $1.5m $1.5m 0.01% Added +5.4k +5,421
53 SAX WEALTH ADVISORS, LLC 0.09% of their portfolio PARSIPPANY, NJ 86,10786.1k $1.5m $1.5m 0.09% Reduced -108.8k -108,772
54 MSH Capital Advisors LLC 0.42% of their portfolio SCOTTSDALE, AZ 84,51984.5k $1.4m $1.4m 0.42% Added +4.3k +4,270
55 Avidian Wealth Enterprises, LLC 0.06% of their portfolio Houston, TX 83,33583.3k $1.4m $1.4m 0.06% Added +5.6k +5,621
56 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 82,92782.9k $1.4m $1.4m 0.00% Reduced -306 -306
57 SHEETS SMITH WEALTH MANAGEMENT 0.16% of their portfolio WINSTON-SALEM, NC 79,17879.2k $1.4m $1.4m 0.16% Reduced -2.5k -2,451
58 Signature Wealth Management Group 0.53% of their portfolio ATLANTA, GA 78,98479.0k $1.4m $1.4m 0.53% Added +1.4k +1,380
59 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 75,73775.7k $1.3m $1.3m 0.02% Added +17.2k +17,166
60 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 74,16674.2k $1.3m $1.3m 0.01% Reduced -400 -400
61 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 71,69671.7k $1.2m $1.2m 0.03% Reduced -62.8k -62,847
62 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 65,50065.5k $1.1m $1.1m 0.00% Added +50.0k +50,000
63 Inspire Advisors, LLC 0.11% of their portfolio Meridian, ID 61,01061.0k $1.0m $1.0m 0.11% Added +512 +512
64 Evanson Asset Management, LLC 0.06% of their portfolio CARMEL, CA 55,67955.7k $953.2k $953.2k 0.06% New
65 Etesian Wealth Advisors, Inc. 0.35% of their portfolio West Linn, OR 54,97755.0k $941.2k $941.2k 0.35% Reduced -1.8k -1,767
66 Marshall Financial Group, LLC 0.18% of their portfolio Hunt Valley, MD 54,30854.3k $941.2k $941.2k 0.18% Reduced -5.0k -4,997
67 Powell Investment Advisors, LLC 0.34% of their portfolio MIAMI, FL 53,24453.2k $911.5k $911.5k 0.34% Reduced -4.9k -4,908
68 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 49,91449.9k $854.5k $854.5k 0.02% Reduced -4.9k -4,879
69 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 48,23948.2k $825.9k $825.9k 0.00% Added +2.3k +2,315
70 Stratos Investment Management, LLC 0.04% of their portfolio BEACHWOOD, OH 47,84547.8k $819.1k $819.1k 0.04% New
71 INSIGNEO ADVISORY SERVICES, LLC 0.07% of their portfolio MIAMI, FL 46,41046.4k $794.5k $794.5k 0.07% Added +3.4k +3,363
72 Redwood Financial Network Corp 0.53% of their portfolio SOLON, OH 46,10246.1k $789.3k $789.3k 0.53% Reduced -18.6k -18,590
73 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 45,95546.0k $786.7k $786.7k 0.03% Reduced -575 -575
74 MPWM ADVISORY SOLUTIONS, LLC 0.50% of their portfolio ALPHARETTA, GA 45,76945.8k $783.6k $783.6k 0.50% Added +16.5k +16,526
75 Tandem Financial, LLC 0.70% of their portfolio GREENWOOD VILLAGE, CO 43,32343.3k $741.7k $741.7k 0.70% Unchanged
76 Guild Investment Management, Inc. 0.61% of their portfolio WESTLAKE VILLAGE, CA 41,18041.2k $705.0k $705.0k 0.61% Reduced -1.5k -1,500
77 WEALTH ALLIANCE, LLC 0.08% of their portfolio MELLVILLE, NY 40,66940.7k $696.2k $696.2k 0.08% Added +64 +64
78 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 40,19540.2k $688.1k $688.1k 0.00% New
79 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 40,18040.2k $687.9k $687.9k 0.01% Added +16.2k +16,250
80 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 38,03138.0k $651.0k $651.0k 0.00% Added +23.3k +23,273
81 DELTA CAPITAL MANAGEMENT LLC 0.36% of their portfolio RED BANK, NJ 37,45037.5k $641.0k $641.0k 0.36% Unchanged
82 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 36,56536.6k $626.0k $626.0k 0.00% Added +281 +281
83 PLIMOTH TRUST CO LLC 0.15% of their portfolio SWANSEA, MA 35,37935.4k $605.7k $605.7k 0.15% Added +250 +250
84 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 34,55234.6k $591.5k $591.5k 0.00% Added +6.5k +6,502
85 Meridian Financial Partners LLC 0.27% of their portfolio WARRENTON, VA 34,18034.2k $585.0k $585.0k 0.27% Added +2.5k +2,541
86 ACCREDITED INVESTOR SERVICES, LLC 0.43% of their portfolio ST. CLOUD, MN 33,58033.6k $574.9k $574.9k 0.43% Unchanged
87 Ausdal Financial Partners, Inc. 0.04% of their portfolio Davenport, IA 33,16433.2k $567.8k $567.8k 0.04% Reduced -61.0k -60,994
88 Ariadne Wealth Management, LP 0.24% of their portfolio SANTA BARBARA, CA 28,75028.8k $510.3k $510.3k 0.24% Unchanged
89 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 28,02828.0k $479.8k $479.8k 0.01% Reduced -365 -365
90 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 27,99028.0k $479.0k $479.0k 0.00% Added +68 +68
91 Pathway Financial Advisers, LLC 0.15% of their portfolio AUBURN, IN 27,93527.9k $478.2k $478.2k 0.15% Reduced -1.7k -1,715
92 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 27,63427.6k $473.1k $473.1k 0.01% Reduced -28.2k -28,185
93 AssuredPartners Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 27,28227.3k $467.1k $467.1k 0.11% Reduced -85.7k -85,722
94 Beaumont Financial Advisors, LLC 0.03% of their portfolio NEEDHAM, MA 26,85926.9k $459.8k $459.8k 0.03% Added +16 +16
95 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.02% of their portfolio GRAND BLANC, MI 26,79626.8k $458.7k $458.7k 0.02% Added +11.4k +11,365
96 Samalin Investment Counsel, LLC 0.17% of their portfolio CHAPPAQUA, NY 25,70325.7k $440.1k $440.1k 0.17% Added +10.7k +10,654
97 ROMAN BUTLER FULLERTON & CO 0.13% of their portfolio ST LOUIS, MO 25,61425.6k $448.2k $448.2k 0.13% Added +650 +650
98 Balanced Rock Investment Advisors LLC 0.34% of their portfolio ROSLINDALE, MA 25,41225.4k $435.1k $435.1k 0.34% Added +2.2k +2,158
99 Bank & Trust Co 0.34% of their portfolio LITCHFIELD, IL 25,26425.3k $432.5k $432.5k 0.34% Unchanged
100 Triton Financial Group Inc 0.17% of their portfolio Oklahoma City, OK 24,23724.2k $235.0k $235.0k 0.17% First filing